Welcome to our dedicated page for Mistras news (Ticker: MG), a resource for investors and traders seeking the latest updates and insights on Mistras stock.
MISTRAS Group, Inc. (NYSE: MG) is frequently featured in news coverage as a global provider of technology-enabled industrial asset integrity and testing solutions. News related to MG stock often reflects the company’s role in non-destructive testing, pipeline integrity data solutions, and technology-driven monitoring for critical infrastructure across industries such as oil & gas, aerospace & defense, power & utilities, manufacturing, and civil infrastructure.
Investors and industry observers following MISTRAS news will see regular updates on financial performance, including quarterly results where the company reports revenue, gross profit, net income, and non-GAAP measures such as Adjusted EBITDA, free cash flow, and net debt. These releases also discuss business mix, operating efficiencies, and the use of non-GAAP metrics to evaluate operating performance and liquidity.
Company news also highlights major project awards and partnerships. Examples disclosed by MISTRAS include contracts to provide non-destructive testing services for large energy infrastructure projects such as an LNG production and export facility in Louisiana and the U.S. Department of Energy’s Hanford Vit Plant Project, as well as collaborations to deliver inspection solutions for data centers and continuous monitoring technologies for critical steel assets. Such announcements illustrate how MISTRAS applies its NDT, monitoring, and data analytics capabilities to complex, high-consequence projects.
In addition, MISTRAS issues news about participation in investor conferences, leadership appointments in areas like pipeline data solutions, and conference calls to discuss quarterly results. For readers tracking MG, this news stream offers insight into the company’s operational focus, end markets, and data-centric approach to asset integrity. Bookmarking the news page can help users follow developments in MISTRAS’ projects, partnerships, and financial reporting over time.
MISTRAS Group (MG) reported Q3 2024 financial results with revenue growing 1.9% to $182.7 million. The company achieved net income of $6.4 million, or $0.20 per diluted share, and Adjusted EBITDA increased 11.5% to $23.3 million. International segment showed strong performance with 8.7% growth. The company revised its 2024 guidance, now expecting revenue between $725-730 million and Adjusted EBITDA between $80-82 million. Operating cash flow was $19.4 million with $13.2 million in free cash flow for Q3, while gross debt decreased to $189.7 million, its lowest level since December 2018.
MISTRAS Group (NYSE: MG) has scheduled a conference call for Thursday, October 31, 2024, at 9:00 am Eastern Time to discuss its third quarter 2024 results. The company will release its Q3 results after market close on Wednesday, October 30, 2024. Interested participants can access the live webcast through the Investor Relations section of MISTRAS Group's website and can pre-register for the Q&A session through the provided link. An archived version of the webcast will be available for one year on the company's website.
MISTRAS Group (NYSE: MG) reported strong financial results for Q2 2024 and H1 2024. Key highlights include:
- Q2 revenue up 7.8% to $189.8 million
- Q2 gross profit increased 12.9% to $56.1 million
- Q2 net income of $6.4 million, EPS of $0.20
- Q2 Adjusted EBITDA up 44.6% to $22.1 million
- H1 revenue up 8.8% to $374.2 million
- H1 net income of $7.4 million, EPS of $0.23
- H1 Adjusted EBITDA up 48.8% to $38.3 million
The company reaffirmed its 2024 outlook, projecting revenue between $725-$750 million and Adjusted EBITDA between $84-$89 million. Growth was driven by increases across all industries, particularly in Aerospace and Defense.
MISTRAS Group, Inc. (NYSE: MG) has scheduled a conference call for Thursday, August 1, 2024, at 9:00 am Eastern Time to discuss its second quarter 2024 results. The company will release its Q2 results after market close on Wednesday, July 31, 2024. Investors can access the live webcast through the Investor Relations section of MISTRAS Group's website. For those wishing to participate in the live Q&A session, pre-registration is available via a provided link. An archived webcast of the call will be accessible for one year following the conference call on the company's website.
MISTRAS Group, Inc. (MG: NYSE) will be participating in the Sidoti Micro-Cap Virtual Investor Conference on May 8-9, 2024. The company's Chairman of the Board and Interim President, along with the CFO, will be presenting at the event. The webcast will begin at 10:00 AM ET on May 9, 2024. Investors can register for the event and access the chat at the provided link. One-on-one meetings with management will also be available throughout the conference.
MISTRAS Group, Inc. announced its first quarter 2024 results, highlighting a revenue increase of 9.8% to $184.4 million, net income improvement to $1.0 million, and adjusted EBITDA growth of 55.1%. The company continues to execute its strategic initiatives, with strong performance in Aerospace and Defense, and aims for an all-time high performance year in 2024.
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